Advanced Micro Devices Inc. Stock Outperforms Market On Strong Trading Day
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Shares of Advanced Micro Devices Inc. (AMD) inched 0.63% higher to $106.59 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.38% to 4,514.87 and the Dow Jones Industrial Average rising 0.11% to 34,890.24.
This was the stock's fourth consecutive day of gains.
Advanced Micro Devices Inc. closed $26.24 below its 52-week high ($132.83), which the company reached on June 13th.
The stock underperformed when compared to some of its competitors Wednesday, as NVIDIA Corp. (NVDA) rose 0.98% to $492.64, Intel Corp. (INTC) rose 0.64% to $34.53, and Applied Materials Inc. (AMAT) rose 0.65% to $150.95.
Trading volume (54.6 M) remained 9.3 million below its 50-day average volume of 63.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 30, 2023.
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August 30, 2023 16:37 ET (20:37 GMT)
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